17 Apr '18, 12pm

How to push buildings to new levels of efficiency

A new wave of building efficiency that uses data collection and machine learning to make a building’s appliances use power more efficiently, is being led by San Francisco startups Carbon Lighthouse and Redaptive. Unlike other efficiency providers — also known as energy service companies — that manufacture and sell appliances or sell electricity, the companies don't sell anything except their ability to reduce a building’s energy use and power bills. Both companies have been growing rapidly and recently raised venture capital investment to expand. Redaptive said Monday that it raised $20 million from CBRE and other investors. Carbon Lighthouse announced in March that it raised $27 million from GRC SinoGreen and other investors, including Tesla co-founder and chief technical officer JB Straubel, whose company is also a customer. Carbon Lighthouse is helping Tesla cut electri...

Full article: https://www.greenbiz.com/article/how-push-buildings-new-l...

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